MUTUAL RELEASE AGREEMENT

This Mutual Release Agreement (this “Agreement”) is made and entered into this __ day of December, 2006, by Brian Wade Bickford, an individual having an address at 477 Congress Street, 5^th Floor, Portland, Maine 04101 (“Brian Bickford”) and Bloodhound Search Technologies, Inc., a Nevada corporation having an address at 19901 Southwest Freeway, Suite 114, Sugar Land, Texas 77479 (the “Company”).

WHEREAS, Brian Bickford was employed by the Company as its Chief Executive Officer pursuant to the terms and conditions of the Employment Agreement dated October 20, 2006 (the “Employment Agreement”);

WHEREAS, the Company and Brian Bickford have mutually consented to the resignation of Brian Bickford’s employment, without cause, and the discontinuation of Brian Bickford’s affiliation with the Company, effective immediately;

NOW, THEREFORE, in consideration of the premises and mutual promises contained herein, and for other good and valuable consideration, the undersigned, intending to be legally bound by this Agreement, agrees as follows:

1.  Reimbursement of Business Expenses. Brian Bickford shall be fully reimbursed for the amount of $2,667.79, representing reasonable and necessary business expenses incurred by Brian Bickford in connection with the performance of his duties under the Employment Agreement.

2.  Return of Company Materials. Brian Bickford shall return all files, documentation, and information materials on the Company to the Company within three business days from the date set forth above and not duplicate, make copies, keep or distribute any of such materials.

3.  Further Assurance. Brian Bickford shall promptly sign instruments, documentation, filings or certifications required by the Company to give full effect to the release of Brian Bickford’s position and duties as Chief Executive Officer as of the date hereof, if any is required.

4. Release by the Company.

(a)  The Company and its directors, officers, agents, advisors, representatives, and direct and indirect affiliates and their respective successors and assigns (collectively, the “Company Releasors”) hereby irrevocably, unconditionally and forever release Bickford (as defined in paragraph 5 herein) of and from any and all actions, causes of actions, suits, debts, charges, demands, complaints, claims, administrative proceedings, liabilities, obligations, promises, agreements, controversies, damages and expenses (including but not limited to compensatory, punitive or liquidated damages, attorney’s fees and other costs and expenses incurred), of any kind or nature whatsoever, in law or equity, whether presently known or unknown (collectively, the “Claims”), which the Company or any of the Company Releasors ever had, now have, or hereafter can, shall, or may have, for, upon, or by reason of any matter, cause, or thing whatsoever against Brian Bickford. Without limiting the foregoing, the Company expressly acknowledges that its release hereunder is intended to include in its effect, without limitation, all Claims which have arisen and of which he knows, does not know, should have known, had reason to know, suspects to exist or might exist in his favor at the time of the signing, and that this Agreement extinguishes any such Claim or Claims. This release shall be binding upon each of Company and the Company Releasors and their respective partners, officers, directors, stockholders, employees, agents, advisors, representatives, personal representatives, heirs, assigns, successors and affiliates, and shall inure to the benefit of Brian Bickford.